NLGN threatened as Shell shuts Soku gas plant

Friday, November 28, 2008

Shell Petroleum Development Company (SPDC), a subsidiary of Anglo-Dutch oil giant, Shell, and operator of the NNPC/SPDC joint venture, yesterday, announced the temporary shut down of the Soku Gas Plant in Rivers State and the consequent start off of 40 per cent gas supply to the Nigerian Liquefied Natural Gas (NLNG) plant in Bonny. For [...]

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Europe to suffer from shut down of Nigerian gas facility

Friday, November 28, 2008

Nigeria’s major gas facility belonging to Anglo Dutch giant, Shell Petroleum Development Company (SPDC), has been shut down. For full story, click here

Enel SpA to sell stake in its natural-gas grid

Friday, November 28, 2008

Enel SpA, Italy’s biggest utility by revenue, will soon try to sell a controlling stake in its lucrative Italian natural-gas grid. For full story, click here

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Thieves force Nigeria LNG to declare force majeure

Friday, November 28, 2008

Thieves tapping into energy pipelines in southern Nigeria have forced Nigeria LNG Limited, supplier of 10 percent of the world’s liquefied natural gas, to warn it may not be able to meet all of its export obligations. For full story, click here

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Imperial acquisition on track: ONGC

Thursday, November 27, 2008

ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC, through which the exploration major is routing its bid for Imperial, has fulfilled all pre-conditions for acquisition. For full story, click here

Orca’s Tanzania Unit to Power 400 Natural-Gas Vehicles

Thursday, November 27, 2008

PanAfrican Energy Ltd., a unit of Orca Exploration Group Inc, and the Tanzanian government plan to have up to 400 natural-gas powered vehicles on the streets of the biggest city, Dar es Salaam. For full story, click here 

Riding energy’s wave

Thursday, November 27, 2008

Local energy companies are staying focused and projecting a picture of calm as they plot their 2009 business plans, in the face of declining energy prices. For full story, click here

Doyon, partners form deal for Nenana natural gas well

Thursday, November 27, 2008

With a new partner, favorable tax terms and an extended state exploration license, a group of businesses is looking for natural gas in the Nenana basin after a three-year hiatus in its exploration venture. For full story, click here

Oil & gas stocks surge

Wednesday, November 26, 2008

Shares of oil&gas companies moved higher after the oil ministry said that there has been on decision on rate cuts in oil prices as of now. BSE Oil&Gas Index was up over 3 per cent. For full story, click here

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India, Turkey, Israel to discuss gas pipeline

Wednesday, November 26, 2008

A plan to pipe oil and gas from Turkey to Israel and then ship it to India will be discussed when officials from the three countries meet soon. For full story, click here

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